LSV Asset Management Grows Position in Tyson Foods, Inc. (TSN)
LSV Asset Management increased its position in Tyson Foods, Inc. (NYSE:TSN) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,381,744 shares of the company’s stock after acquiring an additional 266,687 shares during the period. LSV Asset Management owned approximately 1.75% of Tyson Foods worth $340,785,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. Huntington National Bank grew its holdings in shares of Tyson Foods by 236.9% in the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock worth $29,000 after acquiring an additional 379 shares during the period. Legacy Financial Advisors Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter worth approximately $31,000. Taylor Hoffman Wealth Management grew its holdings in shares of Tyson Foods by 331.5% in the 4th quarter. Taylor Hoffman Wealth Management now owns 1,562 shares of the company’s stock worth $83,000 after acquiring an additional 1,200 shares during the period. Cavalier Investments LLC acquired a new stake in shares of Tyson Foods in the 4th quarter worth approximately $91,000. Finally, Exane Asset Management acquired a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 70.77% of the company’s stock.
Shares of Tyson Foods stock opened at $59.37 on Monday. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $77.31. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s dividend payout ratio is presently 24.35%.
A number of brokerages have commented on TSN. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Mizuho reiterated a “buy” rating and set a $78.00 target price on shares of Tyson Foods in a report on Wednesday, November 14th. Pivotal Research reiterated a “sell” rating and set a $40.00 target price on shares of Tyson Foods in a report on Tuesday, November 13th. Piper Jaffray Companies set a $72.00 target price on Tyson Foods and gave the company a “buy” rating in a report on Monday, November 26th. Finally, Standpoint Research began coverage on Tyson Foods in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $70.93.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister purchased 6,897 shares of Tyson Foods stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $58.01 per share, with a total value of $400,094.97. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Thurber sold 500 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $54.45, for a total value of $27,225.00. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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